Category Archives: de-risking
A chance to keep companies with DB pensions solvent
Income and Corporation taxes tend to dominate the mindsets of the rich, they are meaningless to those who don’t pay them. Unsurprisingly, it is the headline aspects of the Chancellor’s autumn statement that have captured the headlines. This small clause was initially … Continue reading
RDR and AE – what future for commissions and advisor-charging?
Every week we get a few more enquiries from concerned employers who are being told by their pension advisers about the changes coming next month from the Retail Distribution Review. There is variation on the theme but the overall message is clear. Pensions “advice” is … Continue reading
Posted in actuaries, auto-enrolment, club pension, dc pensions, de-risking, FSA, Payroll, pensions, Retirement
Tagged AMC, Company, DWP, Employment, Financial Services Authority, Human Resources, pension, Risk, The Pensions Regulator, Total Expense Ratio
6 Comments
Do investment consultants need qualifications?
failure cannot be attributed to poor investment consultancy, more to an absence of investment consultancy where it matters Continue reading
Posted in actuaries, auto-enrolment, Bankers, corporate governance, dc pensions, de-risking, Financial Education, Liability Driven Investment, mallowstreet, pensions
Tagged CFA, Chartered Financial Analyst, Financial services, IMC, Independent Financial Adviser, Investment, Investment management, Professional certification
2 Comments
Why the DC “game is up” for the active fund managers
Like landed salmon , they flap around on the bank, hoping they may get thrown back in the water. Continue reading
Posted in auto-enrolment, corporate governance, dc pensions, de-risking, infrastucture, Management, pensions, Personal Accounts
Tagged AllianceBernstein, Business, Conversion of Paul the Apostle, Defined contribution plan, Erisa, Funds, Hargreaves Lansdown, Investing, Investment, Investment management, Private equity fund, United States
10 Comments
A defined ambition scheme that would work
Members want two things from their pensions, a decent retirement when they knock off work and certainty that they’ll get it during their working lives. It is extremely expensive to achieve these things and beyond the means of most people. If … Continue reading
Posted in actuaries, annuity, David Pitt-Watson, dc pensions, de-risking, Management, napf, NEST, pensions, Popcorn Pensions
Tagged Balance sheet, Employment, Government, Michael Portillo, pension, Pension Protection Fund, Retirement, Scheme
5 Comments
Whose risk is it anyway?
The Government wants us to think about pension risk sharing… To consider how much responsibility we can take for our own financial welfare when we’re really old. To consider what our employers can do to help And consider (which they talk of quietly) … Continue reading
Opt-outs triggered by smartphones say Legal and General!
Speaking at a private conference for First Actuarial staff, Adrian Boulding said that Legal and General‘s clients were enthusiastic about their staging experience and he went on to suggest that members were much more ready to get information and transact digitally than his firm … Continue reading
Posted in actuaries, auto-enrolment, corporate governance, dc pensions, de-risking, Facebook, First Actuarial, Management, NEST, Payroll, pension playpen, pensions, twitter
Tagged Actuarial science, Adrian Boulding, Asda, IPhone, Legal & General, Marks & Spencer, National Employment Savings Trust, pension, Sainsburys, Scheme, Steve Webb
6 Comments
Diversification and speculation are different.
I have mentioned TOBAM on this blog before, but as @firstactuarial had the good sense to invite its CEO Yves Choueifaty to their conference yesterday and he and his assistant Lauren were kind enough to fly from Paris to Manchester and take a train … Continue reading
Posted in actuaries, de-risking, defined aspiration, First Actuarial, mallowstreet
Tagged Business, Gawain, Investment, Lancelot, Leeds, Manchester, Paris, Pennines
6 Comments
Is there a future for defined benefit pensions?
The TUC has published a working paper written by my colleague Hilary Salt entitled “the future of defined benefit pensions provision” which is a very good read. You can reach it here. The wags among you may consider that you could … Continue reading
Posted in dc pensions, de-risking, defined aspiration, Fiduciary Management, Financial Education, First Actuarial, NEST, pensions, Public sector pensions, Retirement, Trades Union Congress
Tagged Bryn Davies, Defined benefit pension plan, Employment, Government, National Health Service, pension, Trades Union Congress, TUC
8 Comments
What do we mean by good?
Spending time in Liverpool this week has given me the chance of spending time with clients, fellow advisers and those who market the products our clients use. The NAPF Conference is a time when you can look at what you are doing , compare … Continue reading